Institute takes aim at new CFPB head

by Paydayloans24707 Dec 2017
The Progressive Change Institute claims there is an attack on the CFPB by President Trump and Wall Street in a new TV ad unveiled Wednesday.

“With this ad, we're putting a human face on the consumer protection bureau formed by Elizabeth Warren. The public is paying attention to this attempted coup by Wall Street and Donald Trump on the main agency set up to advocate for consumers against powerful interests,” Adam Green, co-founder of the Progressive Change Institute, said. “We will not allow Wall Street, Mick Mulvaney, and Donald Trump to sabotage the consumer bureau from within like we’ve seen attempted at the EPA with Scott Pruitt and the Department of Education with Betsy DeVos.

“In this period of darkness, when we increasingly have the fox taking over the henhouse, we must make sure that the consumer bureau remains a beacon of light for people like Myra and working families across the country who want someone advocating on their side.”

President Trump has tapped Mick Mulvaney as his choice for head of the U.S. Consumer Financial Protection Bureau, following the departure of director Richard Cordray in November.

On his way out, Cordray named Leandra English CFPB’s deputy director.

For her part, English claims she is the rightful acting director and is currently seeking legal options after a judge declined her request to prevent Mulvaney from taking over as acting director.

The Progressive Change Institute isn’t alone its opposition of Trump’s appointment of Mulvaney.

The Lower East Side People’s Federal Credit Union filed a lawsuit in the U.S. District Court in Manhattan earlier this week to uphold English as the rightful acting head of the CFPB.

See below for The Progressive Change Institute’s ad.

Related stories:
GOP lawmakers vie to slash CFPB employees’ pay
Democrats not backing down against Trump’s CFPB pick


Should CFPB have more supervision over credit agencies?
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